Answer:
8.85% per year
Step-by-step explanation:
To find the interest rate of a compounding interest, we use the formula:
Before we start solving, let's break down all the variables that we have.
A = 19,992.71
P = 10,000.00
n = 2
t = 8
r = ?
Now let's put the values into the formula.
or
So the rate the Mrs. Emily Francis got from the bank was 8.85% per year.
Answer:
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the IQ scores of a population, and for this case we know the distribution for X is given by:
Where and
If we standardize the variable with the z score given by:
We got a normal standard distribution with parameters